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                                                                   EXHIBIT 23.2



                      CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statement on Form S-3 (No. 33-56327)
of First Financial Management Corporation ("FFMC") of our report dated 
February 22, 1994 relating to the consolidated financial statements of Western 
Union Financial Services, Inc. (a wholly owned subsidiary of New Valley 
Corporation) and its subsidiaries, which appears in the Current Report by FFMC 
on Form 8-K dated November 4, 1994.  We also consent to the references to us 
under the heading of "Experts" in such Prospectus.


/s/ Price Waterhouse LLP
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PRICE WATERHOUSE LLP



Morristown, New Jersey
November 21, 1994